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Apr.27.2024 1USD=7.1056RMB
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Glencore Announces Q4 2020 Coal Production Report

https://en.steelhome.com [SteelHome] 2021-03-31 15:12:49

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Operating Highlights

Coal production of 106.2 million tonnes was 33.3 million tonnes (24%) lower than in 2019, reflecting the impacts of the pandemic via stopped or reduced work in Colombia and South Africa, extended care and maintenance at Prodeco, plus market-related supply reductions in Australia in H2 2020.

Australian coking

Production of 7.6 million tonnes was 1.6 million tonnes (17%) down on 2019, reflecting downtime at Oaky Creek with an additional longwall move in the current period, timing of coking coal processing at Newlands and planned wash plant maintenance at Hail Creek.

Australian thermal and semi-soft

Production of 66.7 million tonnes was 12.5 million tonnes (16%) down on 2019, mainly reflecting targeted volume reductions in H2 2020, in response to the weak coal price environment.

South African thermal

Production of 24.0 million tonnes was 2.9 million tonnes (11%) down on 2019, reflecting various Covid-19 impacts, including selfisolation requirements for staff and contractors.

Prodeco

Prodeco has been on temporary care and maintenance since March 2020. An application for longer-term care and maintenance was refused in December 2020. Discussions with the authorities are ongoing.

Cerrejón

Cerrejón production was interrupted initially by a mandated shutdown from Q2-Q3, and subsequently by strike action in Q3-Q4. Production restarted in December 2020, later than initially expected

Production from own sources - Coal assets1

Unit: mt

Q4 2019

Q1 2020

Q2 2020

Q3 2020

Q4 2020

2020

2019

Change

20vs 19 %

Change

Q4 20 vs Q4 19 %

Australian coking coal

3.1

1.8

1.9

1.9

2.0

7.6

9.2

(17)

(35)

Australian semi-soft coal

1.3

1.6

1.0

1.0

1.0

4.6

6.4

(28)

(23)

Australian thermal coal (export)

16.4

14.5

14.9

13.5

12.8

55.7

64.2

(13)

(22)

Australian thermal coal (domestic)

2.4

2.0

1.7

1.2

1.5

6.4

8.6

(26)

(38)

South African thermal coal (export)

2.9

3.7

3.5

4.3

3.3

14.8

13.0

14

14

South African thermal coal (domestic)

2.8

2.5

2.5

2.4

1.8

9.2

13.9

(34)

(36)

Prodeco

4.3

3.8

-

-

-

3.8

15.6

(76)

(100)

Cerrejón2

2.3

2.0

0.7

1.1

0.3

4.1

8.6

(52)

(87)

Total Coal department

35.5

31.9

26.2

25.4

22.7

106.2

139.5

(24)

(36)

1. Controlled industrial assets and joint ventures only. Production is on a 100% basis except for joint ventures, where the Group's attributable share of production is included.

2. The Group's pro-rata share of Cerrejón production (33.3%)

Full Year 2021 Production Guidance

Unit: mt

Actual FY 2018

Actual FY 2019

Actual FY 2020

Guidance FY 2021

Coal

129

121

110

113 ± 4

Source from the official website of Glencore

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